Given the possibility of a tax being introduced in the Republic of Cyprus to stabilize the nation's economy, the EXNESS team wants its clients to know that it is prepared for any turn of events.

As it is well-known, on March 19 the Cyprus parliament rejected a bill that would have introduced a one-time tax on bank deposits made in the country. Even if the parliament reverses its decision and the bill is reintroduced, this will in no way affect EXNESS's clients.

In the event that funds are written off of the company's account because of a decision by the government of the Republic of Cyprus, the company will compensate for the funds from its own reserves. In order to avoid similar unstable situations in the future, our management is considering reducing the use of Cyprus bank accounts. However, no matter what happens, our clients will not be drawn into what is happening with the Cyprus banking system.

The EXNESS management team is closely monitoring the financial situation in Cyprus and is prepared to quickly take any actions necessary to fulfill its obligations and guarantees to its European clients.

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